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The first problem is that higher status for the wealthy can easily lead to crony capitalism. In public discourse social status judgments are often crude. Critical differences are lost, like the distinction between earning money through production for consumers, as Apple has done, and earning money through the manipulation of government, which heavily subsidized agribusinesses… Continue reading Untitled

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Companies can now extract oil and natural gas from the high Arctic, shale, oil sands and deepwater wells. These fossil fuels are still finite and dwindling, but tapping the new sources pushes back the date of “peak oil.” Does that give the United States necessary time to develop sustainable energy sources, or will it keep… Continue reading Untitled

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One striking difference is that the iconic conservative works are about ideology. By contrast, the most influential liberal books of the era are about policy issues. A liberal reads conservative books — Marginal Revolution

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CBS News’ 60 Minutes aired a report last night alleging that several members of Congress have traded stock using information they received during private briefings or meetings, enabling them to profit from inside information. One Day After Attending Private Economic Crisis Briefing, GOP Financial Services Chairman Bet On Stocks Tanking | ThinkProgress Worth watching.

War on Drugs or Welfare State?

War on Drugs or Welfare State?